Galaxy Medicare IPO Date, Review, Price, Allotment Details
Galaxy Medicare IPO will open on September 10, 2025, and close on September 12, 2025. It is a Book Built Issue through which the company plans to raise approximately ₹22.31 crores. This includes a fresh issue of ₹17.86 crores and an offer for sale of up to 8,24,000 equity shares with a face value of ₹10 each.
The IPO price band has been set between ₹51 and ₹54 per share. Investor allocation is divided as 50% for Qualified Institutional Buyers (QIB), 35% for retail investors, and 15% for High Net-worth Individuals (HNI). The allotment is scheduled for September 15, 2025, and the shares will be listed on NSE on September 17, 2025.
On the financial front, the company posted revenue of ₹36.94 crores in 2024 compared to ₹32.03 crores in 2023. Its profit also improved to ₹3.71 crores in 2024 from ₹1.57 crores in the previous year. Considering this performance, the IPO is seen as favorable for investors with a long-term outlook.
Galaxy Medicare IPO Details
IPO Open Date September 10, 2025 IPO Close Date September 12, 2025 Face Value ₹10 Per Equity Share IPO Price Band ₹51 to ₹54 Per Share Issue Size Approx ₹22.31 Crores Fresh Issue Approx ₹17.86 Crores Offer for Sale Approx 8,24,000 Equity Shares Lot Size 2,000 Shares Issue Type Book Built Issue IPO Listing NSE SME DRHP Draft Prospectus 
RHP Draft Prospectus
Galaxy Medicare IPO Market Lot
The minimum lot size for the Galaxy Medicare IPO is 4,000 shares, requiring an application amount of ₹2,16,000.
Application Lot Size Shares Amount Retail Minimum 2 4,000 ₹2,16,000 Retail Maximum 2 4,000 ₹2,16,000 S-HNI Minimum 3 6,000 ₹3,24,000 S-HNI Maximum 9 18,000 ₹9,72,000 B-HNI Minimum 10 20,000 ₹10,80,000
IPO Reservation
Investor Category Share Offered QIB Shares Offered 50% of the Net Offer NII Shares Offered 15% of the Net Offer Retail Shares Offered 35% of the Net Offer
Galaxy Medicare IPO Anchor Investors
Anchor Bidding Date September, 2025 Anchor Investors List Shares Offered [.] Shares Anchor Size [.] Cr. lock-in period end date 50% shares (30 Days) October, 2025 lock-in period end date 50% shares (90 Days) December, 2025
Galaxy Medicare IPO Dates
The Galaxy Medicare IPO will open on September 10 and close on September 12, with allotment finalization on September 15 and listing on September 17.
IPO Open Date: September 10, 2025 IPO Close Date: September 12, 2025 Basis of Allotment: September 15, 2025 Refunds: September 16, 2025 Credit to Demat Account: September 16, 2025 IPO Listing Date: September 17, 2025 IPO Bidding Cut-off Time: September 12, 2025 – 5 PM
Promoters and Holding Pattern
The company’s promoters are Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan.
Particular Shares % Share Promoter Holding Pre-Issue 1,18,63,983 89.49% Promoter Holding Post Issue 1,51,71,983 64.60%
Objects of the Issue & Utilisation of Proceeds
Purpose Crores % Funding Capital Expenditure requirement towards the purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha 48.88 -% Funding the working capital requirements 99.78 -% General Corporate Purposes – -% To meet the offer-related expenses – -%
About Galaxy Medicare IPO
Founded in 1992, Galaxy Medicare is a leading manufacturer, seller, and exporter of medical devices, POP bandages, and surgical dressings. With over 30 years of industry experience, the company holds 27 registered trademarks, including well-known brands such as POP BAND, POP CAST, G CAST, and CARETAPE.
Galaxy Medicare has built a strong presence in India by supplying its products to government health departments, reputed hospitals, and private organizations. The company employs around 190 people and focuses on continuous improvement, product innovation, and cost efficiency to align with global standards.
Its in-house quality control unit ensures rigorous testing for design, quality, and finish. All manufacturing facilities are well-equipped with advanced tools, machinery, and technology, enabling production that meets internationally accepted benchmarks.
Galaxy Medicare IPO Company Financial Report
The company generated revenue of ₹36.94 crores in 2024, up from ₹32.03 crores in 2023. Its profit also increased to ₹3.71 crores in 2024 compared to ₹1.57 crores in the previous year.
Amount ₹ in Crores
Period Ended Revenue Expense PAT Assets 2023 ₹30.74 ₹29.29 ₹0.21 ₹30.46 2023 ₹32.03 ₹30.99 ₹1.57 ₹32.31 2024 ₹36.94 ₹32.62 ₹3.71 ₹32.53 2025 ₹17.78 ₹15.36 ₹1.71 ₹31.90
Galaxy Medicare IPO Valuation – FY2024
Check Galaxy Medicare IPO valuations detail like Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI Values ROE: 23.85% ROCE: 23.80% EBITDA Margin: 16.91% PAT Margin: 10.26% Debt to equity ratio: 0.52 Earning Per Share (EPS): ₹3.14 (Basic) Price/Earnings P/E Ratio: N/A Return on Net Worth (RoNW): 23.85% Net Asset Value (NAV): ₹13.10
Peer Group Comparison
Company EPS PE Ratio RoNW % NAV Income Adeshwar Meditex Limited 1.39 17.27 2.52% 24.82 0.90 Cr. KMS Medisurgi Limited 1.38 90.58 1.02% 23.41 0.08 Cr.
IPO Lead Managers aka Merchant Bankers
- Affinity Global Capital Market Pvt.Ltd.
IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Address
Galaxy Medicare Ltd.
Plot No. 2, Zone D,
Phase A, Mancheswar Industrial Estate
Khurda
Bhubaneshwar, Odisha, 751010
Phone: +91 9937000991
Email: CS@galaxymed.co.in
Website: http://www.galaxy.in/